XRP Price Dips 2.65% Amid 846% Liquidation Spike and Ripple’s 400M Token Escrow Move

XRPUSDT experienced a 2.65% price decrease over the last 24 hours, with the current price at 2.2376 USDT according to Binance. The negative price movement is attributed to significant liquidation events, including an 846% liquidation imbalance, and ongoing large-scale token movements by Ripple, such as the locking of 400 million XRP in escrow and reports of a potential 500 million XRP drop. These developments, combined with heightened volatility and regulatory news—such as Ripple’s application for a U.S. national banking license and increased institutional activity—have contributed to fluctuating market sentiment and trading activity.

XRP remains the fourth-largest cryptocurrency by market capitalization, with a circulating supply of approximately 59 billion and a 24-hour trading volume of about $3.24 billion. The 24-hour price range has been between $2.22 and $2.31, reflecting continued high activity and interest in the asset.